Hindustan Aeronautics Q4 Results announced, net profit down 8.8%
Hindustan Aeronautics Q4 Results: Hindustan Aeronautics Ltd for the quarter ended March, reported a consolidated net profit down 8.8% on year of ₹2,831.18 crore from ₹3,105.17 crore in Q4FY22.
PremiumHindustan Aeronautics (HAL) for the quarter ended March, reported a consolidated net profit down 8.8% on year of ₹2,831.18 crore from ₹3,105.17 crore in Q4FY22, and sequentially
The company's consolidated revenue from operations rose 8.10% year-on-year to ₹12,494.67 crore from ₹11,558.23 crore in Q4FY22.
For the Q4FY23, the company's consolidated total income rose 9.6% on year to ₹13,216.90 crore from ₹12,061.79 crore during the same period in the previous fiscal.
The company's consolidate net profit increased by more than twofold from the ₹1,155 crore reported in the December quarter before, on a sequential basis. Quarter-over-quarter (QoQ), revenue increased by a whopping 120% as well.
In comparison to the ₹5,080 crore reported in FY22, the company's consolidated net profit for FY23 climbed 14% to ₹5,828 crore. The revenue from operations for the fiscal 2023 increased 9% to ₹26,927 crore from ₹24,620 crore in the previous fiscal.
The state-owned defence giant's expenses for the March quarter increased 9% to ₹10,360 crore from ₹9,486 crore a year earlier.
The company recorded EBITDA (profits before interest, tax, depreciation, and amortisation) of ₹3,242 crore for the quarter ended March, up 29% from ₹2,495 crore in the same period last year.
Margin for the March quarter increased to 25.9% from 21.6% a year earlier.
On the technical front, HAL shares were down 1.31% at ₹2,978 in Friday's afternoon NSE session following the results announcement. At 14:26 IST, the shares of the company on NSE were down 2.22% at ₹2,951.45 apiece. The stock so far, hit an intraday high of ₹3,033, and intraday low of ₹2,947.30.
However, the stock is near its 52 week high level. According to trendlyne data, the stock price rose 90.3% and outperformed its sector by 32.1% in the past year.
HAL shares drop by nearly 2% ahead of Q4 results, check details
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